DENVER (June 18, 2010): Intermap Technologies today announced that it has received a USD $1.9 million contract to provide 3D digital elevation data and orthorectified radar imagery for an international project. The Company's client will use the geospatial data for topographic map production, 3D visualization, and resource management.
Intermap will deliver NEXTMap data to the customer from its multi-client data library (MCDL). The customer will immediately receive a majority of the digital surface models (DSMs) that include cultural features (such as vegetation, buildings, and roads), digital terrain models (DTMs) that display the bare earth (with all cultural features digitally removed) and orthorectified radar images (ORIs) corrected to remove normal geometric distortions (grayscale images that accentuate topographic features). The remaining elevation models and images will be delivered over the coming months.
"The immediate availability of our NEXTMap data in this region of the world is a real plus for our customers," commented Brian Bullock, president & CEO for Intermap Technologies. "We are continuing to deliver extreme value to customers who receive high-quality products that enable them to immediately solve their pressing needs."
About Intermap Technologies
Intermap (IMP.TO) is a preeminent digital mapping and geospatial solutions provider that has set the industry standard for creating uniform high-resolution 3D digital models of the earth's surface. The Company has proactively remapped entire countries and built uniform national databases, called NEXTMap®, consisting of affordably priced elevation data and geometric images of unprecedented accuracy. Demand for NEXTMap data is growing as new commercial applications emerge within the GIS, engineering, automotive, GPS maps, insurance risk assessment, oil and gas, hydrology, renewable energy, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets.
Headquartered in Denver, Colorado, Intermap has offices in Australia, Calgary, Detroit, Jakarta, London, Munich, Prague, and Washington D.C.
For more information, visit www.Intermap.com. NEXTMap® is a registered trademark of Intermap Technologies Corporation.
For more information, please contact:
Brian Musfeldt, Vice President & Chief Financial Officer
+1 (303) 708-0955
Canada — Financial
Corbet Pala, Investor Relations
E-vestor Communications Inc.
United States — Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.